How to avoid home closing day anxiety
Closing day is finally here! Find out how to ensure everything goes as planned.
Closing day is the final step in the exciting process of purchasing a home. With so many factors involved, there is the possibility for problems to occur. In this article from Moneyville, Mark Weisleder, a Toronto real estate lawyer, shows readers the measures that can be taken to ensure a smooth closing day.
From the sellers forgetting to leave keys to open certain doors, to a dirty house or missing fixtures, we learn that there are processes to prevent undesireable happenings on closing day. Bills for emergency locksmiths or cleaning services can be sent to the seller, in some situations, and clauses can be included in the purchase contract that stipulate the condition the home is to be left in.
Any changes made to the contract that will affect financing should be brought to the lawyer's attention immediately. This prevents any surprises on closing day, including closing dates not matching up. To avoid this stress, it may also be a good idea to talk to your Ottawa Mortgage Broker about bridge financing, a loan to cover closing costs that is paid off within a matter of days.